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I called this months ago. Mel & Darren have no issue screwing the shareholders IMHO.
Good luck to all involved.
Still looking for OTC Alt Energy CO looking for buy out if anyone knows one.
I guess you did not comprehend my post. DKAM asked for more time, again. LIQR only asked for time once. I repeat, LIQR only asked for more time once.
DKAM is now on their 10th request for delay. What does that tell you?
Yeah, DKAM won...NOT. LIQR is suing DKAM, DKAM is trying to defend themselves.
Just look at their share price and see that if they did win something it would be the looser stock of the year award.
I heard the same. They will be updating in Sept.
Shooting stz.
LIQR vs DKAM update:
DKAM pushed the schedule of the conference call to establish a final hearing date back from September 7 to September 29.
All IMHO.
LIQR vs DKAM update:
DKAM pushed the schedule of the conference call to establish a final hearing date back from September 7 to September 29.
I don't read into this maneuver other than to say that if it was LIQR that moved it back many here would use that as a reason to jump up and down and claim victory, which is funny because DKAM is going to loose miserably.
All IMHO.
If you go with your assumption of a 24 pack, it still is a puny amount of money.
IHMO this is not going to save DKAM.
Also, did anyone bother to do the math on the Mexicor royalties vs realities?
Does not match the claims of income made here.
Boston,
Three Tier system:
Manufacturer charges to make it.
Distributor buys it and makes a mark up of about 30%.
Retailer buys it and makes a mark up of about 30%.
Customer pays the $7.99 per 12 pack.
Now apply the math in reverse and you can see the margin that DKAM will be working off of. It is not enough to pay PK's monthly salary.
Looks like most alc/bev stocks down today.
Not moving in the right direction for sure.
Why is this sinking again?
VICEX Article:
Fund manager finds plenty of virtue in sin stocks
By MARK JEWELL
The Associated Press
Thursday, August 19, 2010; 6:33 PM
BOSTON -- So much for virtue. Sin is in.
That's according to a mutual fund manager who's finding plenty of investment opportunities in companies profiting from vices like smoking, drinking and gambling.
Jeff Middleswart's aptly named Vice Fund is beating the house in a down market. The Standard & Poor's 500 index is down 1.9 percent this year. Yet stocks of cigarette makers are up an average 12 percent.
The Vice Fund's three biggest holdings are cigarette stocks: Philip Morris International Inc., Lorillard Inc. and Altria Group Inc. That explains why the fund is up 4.5 percent this year, ranking in the top 3 percent of its large-blend fund peers according to Morningstar.
Defense contractors - another fund mainstay - are up an average 12 percent. Some group contractors in this category because their profits are tied to the escalation of conflicts. Alcoholic beverages? Up 6 percent.
Vice is the lifeblood of a fund that's a counterpoint to investment products touting themselves as socially responsible because they favor companies ostensibly benefiting society. This year, those stocks aren't doing anything special. An index of socially responsible stocks, the MSCI USA Large Cap ESG, is down 1.7 percent.
Vice Fund (VICEX) is rebounding from lagging returns in 2008 and 2009. Its turnaround would be even bigger if not for the average 30 percent decline for stocks of gaming companies. They're struggling to cut hefty debt loads, a legacy from years of casino-building.
Vice is the only fund explicitly focusing on sin stocks. Its portfolio of about 30 stocks is divided almost equally among cigarettes, alcohol, gaming and casinos, and defense - industries that typically hold up well in tough times. Although such a small portfolio can lead to volatility, the Vice Fund offsets that risk by emphasizing steady dividend-paying stocks.
Middleswart replaced previous manager Charles Norton in February, after more than two decades as an investment analyst. The 40-year-old Dallas resident manages the eight-year-old fund for USA Mutual Funds, along with the smaller Generation Wave Growth Fund (GWGFX), which invests in stocks expected to profit from spending by baby boomers. Both were founded by Dan Ahrens, who left in 2005 after writing a book that explained his investment thesis. Its title: "Investing in Vice: The Recession-Proof Portfolio of Booze, Bets, Bombs, and Butts."
Here are excerpts from a recent interview with Middleswart about the Vice fund, and this year's standout performance for many sin stocks:
Q: Were you at all reluctant to manage the fund because of its focus on sin stocks?
A: Not at all. I've always been a contrarian, and I've always looked for deep value stocks. If you listed everything you look for in a stock - companies with growing cash flow, that pay dividends and buy back shares and have clean balance sheets - you'd find a huge list of sin stocks.
Yet people look at them and say, "I don't want to own that, it's tobacco, it's an industry that's going out of business." Or they say, "I don't want to own an alcohol stock."
These are stocks with the (financial) characteristics everybody says they want, and we're getting them at a discount. That's because certain people don't want to own them.
Q: Is there anything unique about the types of investors drawn to the Vice fund?
A: For the most part, they're individual investors. We have a higher-than-average percentage of people in the military who own the fund.
Q: Your top holding, at about 12 percent of the fund's assets, is Philip Morris. What do you find attractive about one of the world's largest tobacco companies?
A: Philip Morris has international tobacco exposure, which is still growing. In emerging markets, people are smoking more, and they're going for brand name cigarettes. With this stock, you're getting a dividend yield of nearly 5 percent, and they also have enough cash flow to buy back shares.
You've got a company that doesn't have to spend a fortune every year remaking itself, in terms of research and development, and signing new distribution agreements.
Q: Another one of your favorites is Anheuser-Busch InBev SA, the product of a 2008 deal pairing U.S. and Belgian brewers. What do you like about the stock?
A: The company is paying down debt rapidly, and it has solid cash flow growth. The way they're going, they'll eventually start rewarding shareholders with a bigger dividend, perhaps in the 5 to 6 percent range. It's also got a big presence in growing markets like Brazil. I think the stock will have a decent pop over the next year and a half, and at that point it will become a cash machine for shareholders.
Q: Why have you cut back on gaming stocks?
A: Because gaming companies hold so much debt, and their U.S. growth prospects are limited. You've got lots of city and state governments saying they want to get into gaming in a bigger way. So they're authorizing new casinos. But that's essentially dividing up the same dollars. As you divide the pot among more players, you will see a lower return.
Q: Your fund owns stocks in two makers of game terminals: Bally Technologies Inc. and International Game Technology. Why do you prefer these to casino stocks?
A: As long as casinos expand, they'll have to buy new slot machines and video lottery terminals. These companies will benefit. They don't have a ton of debt the way many casinos do.
Also, the casinos in Las Vegas used to be on a 4- to 5-year replacement cycle for new machines. But because of all the debt troubles they had in 2008 and 2009, a lot of those replacements have been postponed. There's a lot of pent-up demand.
Q: Do you spend your free time buying the stuff sin stocks peddle?
A: I will have a glass of wine or drink a beer, but my gambling mostly consists of a couple days a year at the horse track. I'm more likely to go hiking or run on the treadmill than anything else.
------
Fund manager finds plenty of virtue in sin stocks
By MARK JEWELL
The Associated Press
Thursday, August 19, 2010; 6:33 PM
BOSTON -- So much for virtue. Sin is in.
That's according to a mutual fund manager who's finding plenty of investment opportunities in companies profiting from vices like smoking, drinking and gambling.
Jeff Middleswart's aptly named Vice Fund is beating the house in a down market. The Standard & Poor's 500 index is down 1.9 percent this year. Yet stocks of cigarette makers are up an average 12 percent.
The Vice Fund's three biggest holdings are cigarette stocks: Philip Morris International Inc., Lorillard Inc. and Altria Group Inc. That explains why the fund is up 4.5 percent this year, ranking in the top 3 percent of its large-blend fund peers according to Morningstar.
Defense contractors - another fund mainstay - are up an average 12 percent. Some group contractors in this category because their profits are tied to the escalation of conflicts. Alcoholic beverages? Up 6 percent.
Vice is the lifeblood of a fund that's a counterpoint to investment products touting themselves as socially responsible because they favor companies ostensibly benefiting society. This year, those stocks aren't doing anything special. An index of socially responsible stocks, the MSCI USA Large Cap ESG, is down 1.7 percent.
Vice Fund (VICEX) is rebounding from lagging returns in 2008 and 2009. Its turnaround would be even bigger if not for the average 30 percent decline for stocks of gaming companies. They're struggling to cut hefty debt loads, a legacy from years of casino-building.
Vice is the only fund explicitly focusing on sin stocks. Its portfolio of about 30 stocks is divided almost equally among cigarettes, alcohol, gaming and casinos, and defense - industries that typically hold up well in tough times. Although such a small portfolio can lead to volatility, the Vice Fund offsets that risk by emphasizing steady dividend-paying stocks.
Middleswart replaced previous manager Charles Norton in February, after more than two decades as an investment analyst. The 40-year-old Dallas resident manages the eight-year-old fund for USA Mutual Funds, along with the smaller Generation Wave Growth Fund (GWGFX), which invests in stocks expected to profit from spending by baby boomers. Both were founded by Dan Ahrens, who left in 2005 after writing a book that explained his investment thesis. Its title: "Investing in Vice: The Recession-Proof Portfolio of Booze, Bets, Bombs, and Butts."
Here are excerpts from a recent interview with Middleswart about the Vice fund, and this year's standout performance for many sin stocks:
Q: Were you at all reluctant to manage the fund because of its focus on sin stocks?
A: Not at all. I've always been a contrarian, and I've always looked for deep value stocks. If you listed everything you look for in a stock - companies with growing cash flow, that pay dividends and buy back shares and have clean balance sheets - you'd find a huge list of sin stocks.
Yet people look at them and say, "I don't want to own that, it's tobacco, it's an industry that's going out of business." Or they say, "I don't want to own an alcohol stock."
These are stocks with the (financial) characteristics everybody says they want, and we're getting them at a discount. That's because certain people don't want to own them.
Q: Is there anything unique about the types of investors drawn to the Vice fund?
A: For the most part, they're individual investors. We have a higher-than-average percentage of people in the military who own the fund.
Q: Your top holding, at about 12 percent of the fund's assets, is Philip Morris. What do you find attractive about one of the world's largest tobacco companies?
A: Philip Morris has international tobacco exposure, which is still growing. In emerging markets, people are smoking more, and they're going for brand name cigarettes. With this stock, you're getting a dividend yield of nearly 5 percent, and they also have enough cash flow to buy back shares.
You've got a company that doesn't have to spend a fortune every year remaking itself, in terms of research and development, and signing new distribution agreements.
Q: Another one of your favorites is Anheuser-Busch InBev SA, the product of a 2008 deal pairing U.S. and Belgian brewers. What do you like about the stock?
A: The company is paying down debt rapidly, and it has solid cash flow growth. The way they're going, they'll eventually start rewarding shareholders with a bigger dividend, perhaps in the 5 to 6 percent range. It's also got a big presence in growing markets like Brazil. I think the stock will have a decent pop over the next year and a half, and at that point it will become a cash machine for shareholders.
Q: Why have you cut back on gaming stocks?
A: Because gaming companies hold so much debt, and their U.S. growth prospects are limited. You've got lots of city and state governments saying they want to get into gaming in a bigger way. So they're authorizing new casinos. But that's essentially dividing up the same dollars. As you divide the pot among more players, you will see a lower return.
Q: Your fund owns stocks in two makers of game terminals: Bally Technologies Inc. and International Game Technology. Why do you prefer these to casino stocks?
A: As long as casinos expand, they'll have to buy new slot machines and video lottery terminals. These companies will benefit. They don't have a ton of debt the way many casinos do.
Also, the casinos in Las Vegas used to be on a 4- to 5-year replacement cycle for new machines. But because of all the debt troubles they had in 2008 and 2009, a lot of those replacements have been postponed. There's a lot of pent-up demand.
Q: Do you spend your free time buying the stuff sin stocks peddle?
A: I will have a glass of wine or drink a beer, but my gambling mostly consists of a couple days a year at the horse track. I'm more likely to go hiking or run on the treadmill than anything else.
------
8000 cases (12 packs?) = Less than $60,000 in beer value.
If cost is only 50% of the total value, DKAM is looking at a gross of less than $30,000.
My guess is this will be production run number 1 of 2 total. Then the brand will sink back into oblivion.
Rumors and innuendo. DKAM'ers are good at that, thus the term: DSCAM.
LIQR paid the fees due, they simply don't want to pay the "final" fee (about $4K) until there is a "final" date scheduled for the case.
Schedule date to be announced after September 7, 2010 arbitration meeting, if DKAM is still in existence at that time.
Another alc bev down early in trading today...
Headed downward in early trading, not a good start of the day.
Any shareholders here?
I don't think their news is linked properly to this ticker.
#2 Alcohol supplier in the world behind DEO. Not a bad place to be.
Pernod Ricard QX vs U. Does anyone understand why there are two ADR shares for the same class of stock?
Any new news on this?
LVMUY - Interesting how ADR's are on pinks too.
STZ aligning???
Nice bounce today but wish to see it return to it's former splendor.
I think that marked the first time I have ever seen you make a mistake on a post Kezz. You da man, I know you did not mean to say DKAM was actually a "penny stock" when it is actually a "sub-penny stock".
Coming up on year end for LIQR. Hope to see some very positive results!
When I get a date, I will be happy to share it with everyone. Until then, you will just have to watch DKAM stock hit all time lows again and again.
That is funny. The fee was $9800 and AAA's CC option only goes to $5K without a direct swipe, so you blame that on LIQR, when instead they just paid using a check which worked just fine.
How is that DKAM stock price treating you today? Hurry and buy, you might get in before it goes to $0.0001!
LIQR paid the fees Kezz, their CEO was traveling and requested a reschedule of the meeting. That is the whole big deal that DKAM touted as a win, when the reality is, DKAM had already rescheduled several times prior. The case will likely get scheduled in September 2010.
DKAM uses these "leaks" to help peddle their nearly worthless stock to any suckers who think that PK and 3 other guys sitting in a room are going to brew the next great Budweiser or make the next Grey Goose.
Smoke an mirrors. Millions of dollars in losses, and how do you pay millions in salary to people who run a company that makes no real money? You sell more stock to pay them, it is called dilution.
LIQR vs. DKAM update: Arbitration date to be re-scheduled at a meeting later in the month. Sources say the arbitration should go down in September sometime.
DKAM never had anything to do with that. It is Rock Star Sammy Hagars Brand.
Bid $0.34 ask $2+. Mr. Frost must be smoking something funny.
I think you are sadly mistaken.
LIQR vs. DKAM not the other way around. Tick Tick Tock, DKAM stock drops, LIQR comes out on top. That is how I see it playing out.
YOU CAN'T FIND IT IN THE STATE BOOKS BECAUSE OWR IS NO LONGER AVAILABLE IN MI BECAUSE LIQR DISCONTINUED IT!
Unless the bar is illegally purchasing the product or purchased years ago when LIQR was in charge of it then they do not have it.
Welcome the the Encore Brands (ENCB.ob) Board!
Maybe PK took the weekend off so no one at DKAM is using the dilution button today...